Final answer:
Liens, easements, and encroachments establish non-government restrictions on property rights that can impact economic growth by affecting property use and ownership.
Step-by-step explanation:
Liens, easements, and encroachments all create non-government restrictions on property rights. They are mechanisms that provide individuals or entities with certain rights or claims against property, and each operates within the legal system to affect property use, development, and ownership. Liens serve as a legal claim against a property, typically for the purpose of securing the payment of a debt. Easements represent the right to use another person’s land for a specific purpose and are often essential for providing access to utilities and for conservation efforts. Encroachments involve the unauthorized extension of a building, structure, or other improvement into or over a property line. The complexities of these legal mechanisms can impact economic growth by delineating the ability of property owners to maximize the use of their property, including through trade or sale.